Frankly, this is what I would do now:
- Wait for volatility to rise in tandem with the upcoming US election on 3rd Nov. Then sell options (liquid ones like S&P, etc) prior to the election date.
- Balance your options portfolio towards beta-delta neutral and may hedge some positions (e.g protective put) if you are holding significant equity positions
- Continue to build your watchlist of Micro-Small Caps to buy in case they become cheaper over time.
- Malaysia moratorium just ended. Let the full one-month impact to sink in first. There will be continuous decline in daily trading volume. Currently, closely looking at at Johore Tin, Nova Wellness and EITA.
- Quarterly results (for the month Jul – Sep) will be announced. This is important to see whether post MCO – whether there is any real recovery or this permanent impacted results. Malaysia’s KLCI PE is relatively high at 22x, need to moderate further.
- Look for dividend yield instruments e.g UCHITEC or SPSETIA-PB.
- If the Malaysian budget is in Nov – may be there could be positive catalysts thereafter
- Been monitoring the stocks listed on SGX and possibly other ASEAN listed stocks.
- Portfolio re-balancing – if inflation creeps up, yield / interest rate goes up, time to reduce on fixed income assets and re-locate more towards equity / gold.
- More importantly – not about what you should do about your money, but more like work hard to educate yourself and to be ‘agile’ about the markets
Disclaimer: This is not an investment advice or endorsement. Please refer to the general discalimer of this blog.